NASCAR Hall of Fame Attendance Slide Continues

Dave Fulton
@dave-fulton
11 years ago
9,137 posts

The Charlotte Regional Visitors Authority has reported another decline in the number of visitors at the NASCAR Hall of Fame for the most recent fiscal year. Financial numbers are yet to be released, but with a new agreement to fund improvements at the Carolina Panthers Charlotte NFL football stadium, there is less tax Charlotte hotel and rental car tax money available to cover NASCAR Hall of Fame operating losses.

Setting aside the controversies surrounding the Hall of Fame inductee selection process, what really continues to strike me in the face is the very poor job being done by the Charlotte Regional Visitors Authority to market this property, both to race fans and to the general public. Any way you cut it, this is a government agency trying to promote a venue and I think the results speak for themselves. Government agencies are not used to selling and making a profit... they are used to spending taxpayer money.

The CRVA's new "plan" is not one to increase HOF attendance, but rather a plan to "increase revenue for each visitor." In other words, don't worry about attracting more visitors, just gouge the ones who come with increased prices, trinket and concession purchases and the like.

Three years ago I would have resisted my latest idea to "save" the HOF in its current Charlotte incarnation, but, as an old marketing, promotions and pr guy, I think it may be time to bring in a corporate sponsor with dollars and marketing and publicity know how if the HOF is to become sustainable.

I know the idea would be revolting to purists (like me) , but selling the naming rights to the HOF would be right up the path NASCAR has taken for years. I'm picturing something like a Coca-Cola NASCAR Hall of Fame or a Goodyear NASCAR Hall of Fame that includes not only the naming rights, but the use of the expertise of a major league corporate marketing, advertising, promotions and pr department to get out the word and draw folks to the HOF.

I think its time for Charlotte regional leaders to step back and figure how to best promote this multi-million dollar investment before the clock runs out. Nothing else has worked. Why not bring in a big gun with consumer expertise?

NASCAR Hall attendance declines in third year
By Steve Harrison - sharrison@charlotteobserver.com
Friday, Jul. 12, 2013

The NASCAR Hall of Fames attendance in its third year was 176,838, a 10 percent decrease compared with the year before, according to the Charlotte Regional Visitors Authority, which manages the racing museum.

The CRVA hasnt finished a detailed financial analysis of the hall, so its unknown how it fared financially. It lost money in its first two years of operations.

The attendance numbers cover the fiscal year that ended June 30. In the halls first year, it attracted 272,000 fans. Second year attendance was 197,410.

The decrease isnt a surprise, as museums and attractions often see attendance declines after opening. Attendance often stabilizes in the fourth year of operation.

CRVA spokesperson Laura Hill said Friday the tourism authority is focusing on generating more revenue for each visitor. CRVA chief executive Tom Murray has said the original attendance projections 800,000 people in its first year, and 400,000 visitors in ensuring years werent realistic. Murray was hired by the CRVA in December 2011, replacing Tim Newman.

Hill said the CRVA is focusing on maximizing revenue to ensure that the venue is financially sustainable in the long term. She said the CRVA is working to increase rentals for the hall and also convince people attending conventions at the adjacent Convention Center to come to the hall.

Since Murray came to the CRVA, he started a new accounting system called One CRVA, in which the financial performance of individual venues are no longer reported. The CRVA only reports its financial performance for the overall organization.

The CRVA manages city owned buildings such as the Convention Center, Bojangles Coliseum and Ovens Auditorium.

But the CRVA has said it will do a separate financial report for the hall, in part to satisfy the terms of its contract with NASCAR. Under the deal to operate the hall, the CRVA is supposed to pay royalties of up to 10 percent of hall revenues.

The CRVA can defer those payments if the hall doesnt turn a profit. The hall lost more than $2 million in its first two years of operation.

Hill said the halls financial report for fiscal year 2013 should be finished next month.

Improving the halls financial performance is more important than ever for the CRVA, whose funds have been depleted to help the Carolina Panthers.

The City Council this year voted to give the Panthers $87.5 million for stadium renovations in exchange for a six-year hard tether to keep the team in Charlotte. The money for the Panthers came from the city and the CRVAs Convention Center fund, which comes from a 3 percent hotel/motel tax and a 1 percent tax on prepared food and beverages in Mecklenburg County.

With a significant part of the CRVAs future revenues going to the Panthers, the CRVA has less financial breathing room to pay for Hall of Fame operating losses.

Read more here: http://www.thatsracin.com/2013/07/12/110411/nascar-hall-had-176000-visitors.html#storylink=cpy




--
"Any Day is Good for Stock Car Racing"

updated by @dave-fulton: 12/05/16 04:02:07PM
Tim Leeming
@tim-leeming
11 years ago
3,119 posts

This is a sad statement of our sport. We all agree, I think, that the selection process stinks, but I reiterate my previous statements regarding the beauty of the historic displays there. I would certainly visit more often if I could afford it, just to see the cars and all the displays on the third floor. Oh, and the videos in the theater of the historic races. I really had a problem with the parking charge for the time we were there. Had it not been for Frances Flock being with us and getting her discount, I would have had to take a second mortgage to pay the parking fee.

Dave, your corporate sponsor idea is a good one. Either Coca Cola, Goodyear, or perhaps another such sponsor would be the answer both for the financial support and the support needed to promote the place.




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What a change! It's been awhile since I've checked in and I'm quite surprised. It may take me awhile to figure it our but first look it's really great.

Randy Myers2
@randy-myers2
11 years ago
219 posts

Tim, Ipark in thelot across the street from the HOF. Only $5.00 there. Maybe we can scrounge up another group visit soon.

Bobby Williamson
@bobby-williamson
11 years ago
907 posts

The horse is long out of the barn on this one......for NASCAR to fundamentally re-invent the sport and target a new audience, at the expense of the old one, flies in the face of their "interest" of their own history. The very audience that would have embraced the HOF is the one NASCAR deemed irrelevant. Obviously, the reverberations of NASCAR's new-age marketing plan continue.

Tim Leeming
@tim-leeming
11 years ago
3,119 posts

Randy, I would be up for another visit anytime we can work it out. Not sure what kind of group we can get together this time, but I'll see who may be interested.

Bobby, there is a lot to what you say and we address that every Tuesday night it seems. More on that with this week's Legendtorial probably.




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What a change! It's been awhile since I've checked in and I'm quite surprised. It may take me awhile to figure it our but first look it's really great.

Robin L. Agner
@robin-l-agner
11 years ago
169 posts

I would be interested in going Tim.

Tim Leeming
@tim-leeming
11 years ago
3,119 posts

Great Robin. Ok, Randy, that makes three of us. Weekday or weekend? Should we worry about a crowd on a Saturday visit?




--
What a change! It's been awhile since I've checked in and I'm quite surprised. It may take me awhile to figure it our but first look it's really great.

TMC Chase
@tmc-chase
11 years ago
4,073 posts

Based on what's been said about the NHOF, crowds on ANY day shouldn't be a concern. Ha.

Another idea the NHOF should consider is to partner with Memory Lane Museum. Perhaps offer a combo ticket that gives a bit of a discount for the dual purchase vs. buying 2 individual tickets. Could be a solid, 1-day visit or perhaps allow the guest to use the pass over a 2 or 3 day period.




--
Schaefer: It's not just for racing anymore.
Dave Fulton
@dave-fulton
11 years ago
9,137 posts

I'd join a RR group visit.




--
"Any Day is Good for Stock Car Racing"
Wally Bell
@wally-bell
11 years ago
83 posts

museums are not cash cows... even the NFL knows this.... NASCAR museum..A Great Place to visit... like Cooperstown, etc , etc. ......

Randy Myers2
@randy-myers2
11 years ago
219 posts

Probably a week day would be better. Lets look for some time in late August. I'll see if I can get Chocolate involved in some way. I'll have to check on what days he does the radio show. Looks like we have a couple of takers already. Be great to get 8 - 10 together. Maybe a couple more. We can have dinner at the Buffalo Wild Wings on site. OK gang. The invitation is out. Who is interested?

Dennis Andrews
@dennis-andrews
11 years ago
835 posts

If u'all will plan and announce a week ahead I'll take a day off. Been wanting to go for a while now, can't think of a better group to go with if you will have me.

Tim Leeming
@tim-leeming
11 years ago
3,119 posts

Dennis, of course you would be welcome, very welcome. Now that we have Randy's recommendation for late August I will see what we can work out and post it in the Forum for consideration




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What a change! It's been awhile since I've checked in and I'm quite surprised. It may take me awhile to figure it our but first look it's really great.

Dave Fulton
@dave-fulton
11 years ago
9,137 posts

We'll be waiting to hear.




--
"Any Day is Good for Stock Car Racing"
Leon Phillips
@leon-phillips
11 years ago
626 posts

Count me in Tim would love to go again just let me no

Tim Leeming
@tim-leeming
11 years ago
3,119 posts

Ok, Randy, check with Chocolate and let's pick a day like maybe August 15th or 22nd, if either of those work. Both are Thursdays. Then I'll get to work on this end. Thanks.




--
What a change! It's been awhile since I've checked in and I'm quite surprised. It may take me awhile to figure it our but first look it's really great.

Randy Myers2
@randy-myers2
11 years ago
219 posts

I didn't think it would take long to raise a little interest. Looking forward to it. Looks like it will be a full moon on the 21st or 22nd. If going to the HOF and racing are anywhere near the same, that should make it interesting. LOL! Those would be some good dates to start with. You guys pick one.

Tim Leeming
@tim-leeming
11 years ago
3,119 posts

My schedule is free on the 22nd so I'll put that out there and see what we get as a response. I know MY schedule is not the deciding factor. lol




--
What a change! It's been awhile since I've checked in and I'm quite surprised. It may take me awhile to figure it our but first look it's really great.